other material
confidence high
sentiment neutral
materiality 0.60
Golden Path Acquisition Corp extends business combination deadline to July 24, 2022 via $191,667 sponsor deposit
MicroCloud Hologram Inc.
- Sponsor Greenland Asset Management deposited $191,667 ($0.033 per public share) to extend trust account by one month to July 24, 2022.
- Sponsor may deposit $191,667 each month for up to eight additional extensions, extending deadline to March 24, 2023.
- Maximum aggregate extension deposits total $1,533,333 ($0.267 per public share).
- Extension avoids immediate liquidation of trust fund for Golden Path (NASDAQ: GPCO).